Farm Ireland
Independent.ie

Tuesday 22 August 2017

Carlow farmer splashes out €1.28m for 125ac stud

Jim O'Brien

Jim O'Brien

A Carlow farmer who sold his land for development in recent years bought a residential 125ac stud farm at Ballickmoyler, Co Laois, for €1.28m.

Herbage Stud sold at auction last week and exceeded its guide price by €30,000.

Located at Ballickmoyler bordering Carlow and Kildare, the farm is laid out in 30 paddocks and set on top quality agricultural land.

Renovated

It comes with an extensive yard comprising 23 boxes, two automatic horse walkers, a four-span hay shed, four lean-to sheds, a lunging ring and other equestrian facilities including a stud office of around 1,000sqft.

The house is a unique two-storey, thatched, four-bedroom residence renovated to include all modern comforts.

Up to 30 people were present in the auction room at the Seven Oaks Hotel, Carlow, when auctioneer Paddy Jordan opened proceedings at €800,000.

Four bidders became involved and in bids of €50,000 the sale gathered momentum until the amount on offer came to €1,170,000.


At that point, the auctioneer consulted with the vendors and the property went on the market.

With two bidders remaining in the race, bidding continued in increments of €10,000 and the property was sold under the hammer to the Carlow man for €1.28m.

Mr Jordan was pleased with the sale, saying he was always confident the farm would make its guide price and wasn't surprised when it surpassed it to make €10,240/ac.

Jim O'Brien

Indo Farming



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